Funding Alert
Zenduty raises $1.9M in pre-Series A funding led by StartupXseed Ventures
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ByKhushi Ko | October 28, 2021
Zenduty recently announced that it raised $1.9 million in its pre-Series A round of funding led by StartupXseed Ventures. The round also saw participation from Powerhouse Ventures, Titan Capital, Supermorpheus, 100X Entrepreneurs, Kwaish, and Secure Octane Fund, along with a few angel investors.
The SaaS startup plans on using the capital raised for growth initiatives like improving product offerings and talent acquisition.
Zenduty CEO and co-founder Vishwa Krishnakumar said, “We have been doubling every five months for the past 18 months. This round of investment along with our great set of strategic investors will help us increase our growth momentum and our market share in our key markets of North America and Europe. We are also looking forward to building a world-class, inclusive, and diverse team and accelerating product research and innovation.”
Founded in 2019, Zenduty aims to help engineers recover from downtime quickly.
Commenting on the investment, Managing Partner, StartupXseed Ventures. B. V. Naidu said, “We did multiple deep dives and found Zenduty’s team and tech stack to be among the top in the market. Vishwa and Ankur are an addition to our pool of Indian Founders who are building a global B2B company. We are putting all our knowledge and connections on getting the best for the company.”
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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